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Foster Wheeler AG (FWLT) Dropped To A 6-Month Low After Q4 Miss

Foster Wheeler AG (FWLT) reported fourth quarter adjusted net income of $0.27 per share Friday morning, down from $0.39 per share last year. The consensus estimate was for EPS of $0.46. The company expects to report full year 2013 adjusted EPS to be flat to moderately down as compared to the $1.54 reported in 2012. The consensus estimate is for EPS of $2.05.

Foster Wheeler gapped open sharply lower Friday, but moved in a narrow range throughout the session. Shares finished with a loss of 3.84 at $20.22 on the highest volume of the year. The stock dropped to a 6-month low and fell below its 200-day moving average.

by RTTNews Staff Writer

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